** Shares of NAPCO Security Technologies Inc fall 9.8% to $34.8 premarket
** Co posts fiscal 2025 Q1 rev. of $44 mln below estimates of $47.7 mln, according to data compiled by LSEG
** Reports Q1 net income of $11.2 mln, missing estimates of $12.3 mln
** CEO Richard Soloway says equipment rev. for Q1 fell 6%, which partially was a result of a reduction in door locking sales, which decreased 8% compared to last year
** Locking products represents about 60% of our equipment revenues, and the decline was primarily attributable to several locking distributors' efforts to lower their inventory levels - CEO
** Avg. rating of brokerages is "buy"; median is $58.5 - LSEG data
** As of last close, stock up 12.7% YTD
(Reporting by Sukriti Gupta in Bengaluru)
((Sukriti.Gupta@thomsonreuters.com;))
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